Rain

Rule Changes

Applied for national trust bank charter

A trade group for community banks sued the U.S. banking regulator on Oct. 2 over federal trust charters granted to crypto firms. The Independent Community Bankers of America says the Office of the Comptroller of the Currency has exceeded its authority under the National Bank Act.

Updated 3 days ago

Money Moves

Anchor borrower on Credit Coop's facility since 2023

Visa's stablecoin-linked card programs grew payment volume nearly 200% year over year, and their settlement run rate just passed $20 billion at an annualized pace. Those programs must fund daily settlement obligations before cardholders repay them, a working-capital gap that bank credit lines were too slow and too rigid to fill.

Updated Sep 9